This is a fine example of a Model 1923 Commercial Luger as produced by the DWM factory. These pistols fall into the late post WWI commercial serial number range that were produced expressly for the US market. These Lugers are very similar to a 1920 Commercial except they can be easily identified as they were marked "LOADED" and "SAFE" on the extractor and upper safety position. They have standard commercial markings with the blank chamber area on the barrel extension with the standard DWM logo on top of the front toggle assembly. The various parts are all numbered in the commercial fashion, with the full serial number on the frame and underside of the barrel with the other parts numbered with the last two digits of the main serial number. It has the standard inverted barleycorn front sight with the notch rear sight. The front of the frame is correctly marked "GERMANY" indicating it was intended for export. The underside of the barrel, and barrel extension, have a standard "Crown/N" commercial proof. Unmarked nickel plated magazine with an unmarked wooden base.

Very fine with 85% of the slightly faded original rust blue finish with wear on the edges and high spots overall with more thinning and actual blue loss on the grip straps, side plate hump and frame rails. The grips are fine and have nice original checkering showing even honest wear across the tops of the checkering mixed with a few minor handling marks and light pressure dents. Mechanically fine. A nice honest original 1923 SAFE and LOADED Variant Commercial Luger pistol.